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Kuwait
Banking & Finance
Kuwait Central Bank announces $792 million bonds, tawarruq issuance with 4.375 percent return rate
CBK has specified that this issuance will remain valid for a period of three months
Economy
Non-oil revenues surge 24 percent in Kuwait, narrowing fiscal deficit by $2.075 billion
Oil revenues surge by 15 percent to $53.31 billion
Economy
Kuwait maintains strong credit ratings with AA- affirmation, stable outlook: Report
The rating reflects minimal default risk, strong ability to meet financial obligations
Kuwait
Kuwait to allocate $604 million for completion of Mubarak Al Kabeer Port project
Strategic investment to transform Kuwait into regional trade hub
Economy
Kuwait’s inflation reaches 3.28 percent in January 2024
The increase was driven by rising prices in clothing, food, education
Economy
Inflation in Kuwait reaches 3.37 percent in December 2023
The Consumer Price Index in Kuwait rose by 3.37 percent
Economy
Will the new Emir of Kuwait Sheikh Mishal launch his reign with a wave of reforms?
IMF expects 0.1 percent GDP growth rate this year
Economy
Kuwait: Local agent requirement lifted for foreign companies, public tenders law revamped
With overwhelming support of 57 votes in favor and only one vote against
Kuwait
COP28: Kuwait’s EnerTech launches innovative end-to-end electric mobility platform in the UAE
CHRGR's launch introduces UAE's first fully integrated electric mobility solution
Banking & Finance
Kuwait’s Central Bank releases $776 mn worth of bonds
For a 3-month period with a return rate of 4.375 percent
Economy
Kuwait approves Fourth Master Plan 2040, targeting 4 regions
Oil remains focus for 2030-2040
Kuwait
Kuwait’s ministry of finance recovery efforts post major ransomware attack
Saudi, UAE hit hardest by ransomware attacks in 2021-2022
Economy
Kuwait inflation rate rises to 3.82 percent in August
Food and beverage group prices up 5.70 percent
Banking & Finance
Kuwaiti banks expected to witness high profitability, low NPLs
Financing benefits from strong domestic deposit base
Hospitality & Tourism
Kuwait awards Limak $764 million airport terminal contract
The new airport terminal is expected to cost $4.34 billion
Energy
Kuwait is outlaying nearly $6 bn to boost oil output to 3.5 mn bpd
High crude prices, today reaching $90, boosted KOC’s assets to $55 bn
Energy
Kuwait’s capital spending for oil projects jumps 95 percent
In bid to boost oil production capacity
Economy
Kuwait new amendment frees foreign firms from local sponsorship rule
Proposal enhances competition, service quality in the state
Economy
Kuwait economy recovers, boost in tourism predicted
Country is also poised to enjoy sustained non-oil growth
Economy
Kuwait’s expat labor force up by 7.5 percent in H1 2023
Over 30 percent of Kuwait’s new labor force entrants are Indians
Economy
IMF: Kuwait’s GDP will slow down to 0.1 percent in 2023 from 8.2 percent in 2022
Sbstantial risks to the country’s economic prospects
Hospitality & Tourism
MENA airlines investing in Airbus carriers amidst tourism surge
The airline's profit for the first half of 2023 reached $21 million
Energy
Kuwait is Qatar’s primary supplier of ship fuel
Kuwait has sent 3 million barrels of fuel oil to Qatar in 2023
Economy
Kuwait most affordable city in the world, survey says
The average cost of living is nearly $753
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